How can elasticity help explain why drug interdiction could reduce the supply of drugs, yet possibly increase

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How can elasticity help explain why drug interdiction could reduce the supply of drugs, yet possibly increase drug-related crime?

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:48 AM

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How can elasticity help explain why drug interdiction could reduce the supply of drugs, yet possibly increase

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Because the demand for drugs is likely to be inelastic an increas...View the full answer

Principles of economics

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